{"id":"toucan-protocol","version":1,"language":"en","title":"Toucan","hidden":false,"content":"**Toucan** is a [blockchain](https://iq.wiki/wiki/blockchain) infrastructure project built on the [Polygon](https://iq.wiki/wiki/polygon) network. The goal of the project is to bring environmental assets on-chain, specifically carbon credits. [\\[1\\]](#cite-id-eeqg02c7asm) [\\[2\\]](#cite-id-umlkrhcc2jn)[\\[3\\]](#cite-id-sxm4ea1eam)  \n  \n**History**  \nThe Toucan Protocol launched in October 2021, as the infrastructure component of the cryptocurrency Base Carbon Tonne (BCT). In the first month after launching, BCT achieved $2 Billion USD in trading volume.   \n  \n**How It Works**  \n\"Bridging\": Carbon-credits must be brought on-chain from a verified credit-issuer (e.g. Verra Registry). Bridging creates a ERC20 token (compatible with Ethereum and Polygon).  \n  \n\"Utility\": Once the credits are \"tokenized\" they can be pooled, traded, and used in various carbon-credit projects or markets.  \n  \n\"Burning\": To compensate for emissions, the tokens can be permanently removed from circulation.  \n  \n**Carbon Intensity**  \nToucan is built on the Polygon Network. Polygon is an energy-efficient proof-of-stake blockchain. Proof-of-stake is vastly less resource intensive than proof-of-work blockchains (such as Bitcoin).","summary":"The Toucan Protocol aims to facilitate decentralized carbon credit markets.","categories":[{"id":"cryptocurrencies","title":"cryptocurrencies"}],"promoted":0,"tags":[{"id":"Protocols"},{"id":"Polygon"}],"metadata":[{"id":"references","value":"[{\"id\":\"eeqg02c7asm\",\"url\":\"https://toucan.earth/\",\"description\":\"Toucan website\",\"timestamp\":1678478867423},{\"id\":\"umlkrhcc2jn\",\"url\":\"https://www.coingecko.com/en/coins/toucan-protocol-base-carbon-tonne\",\"description\":\"Toucan on Coingecko\",\"timestamp\":1678478928249},{\"id\":\"sxm4ea1eam\",\"url\":\"https://mirror.xyz/0x84F5590Ffe54e0f684b845807D036D8C1D18e684/FqIc41yUQF4Jw-ppjJh1x28Wh143D2CjG1fGk3sGzWc\",\"description\":\"Introducing Toucan\",\"timestamp\":1678479013466}]"},{"id":"twitter_profile","value":"https://twitter.com/ToucanProtocol"},{"id":"coingecko_profile","value":"https://www.coingecko.com/en/coins/toucan-protocol-base-carbon-tonne"},{"id":"commit-message","value":"adding citations"},{"id":"previous_cid","value":"QmXTruLrtoA6wDJXqfEJFFgQC3DtNjw24D8Jjqa6Rvfmhv"}],"user":{"id":"0x14B68b85E1037d1C75726b7794e99C20554f9CC3"},"author":{"id":"0xBE54b05456b2460931BC342d70Cb1D6F88aA0e10","profile":{"username":null,"avatar":null}},"media":[],"views":8,"events":null,"ipfs":"QmXTruLrtoA6wDJXqfEJFFgQC3DtNjw24D8Jjqa6Rvfmhv","transactionHash":"0x64c0b0e5a3b0540f70b09d6aa9404cf8b8e17ca78781566247163a46f036ed76","created":"2023-02-03T00:37:40.285Z","updated":"2023-02-03T00:41:03.025Z","images":[{"id":"Qmb7w4TC4XqrnWbuC2t3RrYTzB7MmC9VwExp2dVamUZ5V5","type":"image/jpeg, image/png"}],"linkedWikis":null}